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JPMorgan Chase hit a record high on Monday morning but failed to hold. Now some traders may worry about a potentially bearish reversal. The first pattern on today’s chart is the high-volume drop on May 20, which erased the previous seven sessions of gains. That could be interpreted as a false breakout. (Bearish outside candles also appeared on both the daily and...

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Dollar General fell sharply in 2023. Now, after a period of consolidation, some traders may see further downside. The first pattern on today’s chart is the large bearish engulfing candle on March 14, which occurred despite results beating estimates. The discount retailer stalled below that session’s high in April. This month, it stalled near the low. Has old...

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Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant closed above it on Friday, which could be considered a potential breakout. Second, the low on May 3 occurred near a 50 percent retracement of the...

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Boeing has been falling since the beginning of the year, and now some traders may expect the downward trend to continue. The first pattern on today’s chart is $183.14, a weekly close from April 5. BA challenged that level on May 6 and 14, but each time closed below it. That may suggest that resistance is forming. Next you have the large bearish outside candle on...

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Super Micro Computer began the year by more than quadrupling. Now, after pulling back for two months, some traders might expect further upside. The first pattern on today’s chart is the falling trendline along the closing highs of March and April. The maker of AI servers is now trying to push back above that resistance. Next, MACD is turning higher and prices...

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Ford Motor is squeezing into a tight range, and some traders may see potential for the automaker to start moving. The first pattern on today’s chart is the falling trendline along April's highs, which prices tested yesterday. A close above the resistance may be considered a bullish sign. Second is the February 26 low of $11.95. Ford bounced in that area in...

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This is a conceptual strategy intended for E-mini S&P 500 futures with hourly bars. It uses three signals, going long or short when two or more change in the same direction. First is MACD. A positive oscillator is considered a bullish signal and a falling oscillator is interpreted bearishly. Next, stochastics are used as an overbought/oversold indicator....

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Moving average crosses are popular signals for trend followers. Like many conditions, they tend to reverse after a certain amount of time. Today’s script is designed to help traders visualize and interpret these turns. Bars Since MA Cross counts how many bars have passed since a fast-moving average crossed a slower MA. Bullish readings, with the faster MA above...

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The Relative Strength Index was created by J. Welles Wilder to measure overbought and oversold conditions. It’s also found popularity as an overall measure of direction because upward-trending stocks often hit overbought conditions. The opposite can be true with underperformers. Today’s custom script, RSI Past, attempts to capture this secondary use of RSI as a...

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Many technical analysts use moving average crosses to assess trend changes. A faster-moving MA crossing above a slower-moving line may be viewed as a bullish signal. The opposite can apply to the downside. While these methods may help analyze price direction, they can often force traders to wait until the cross occurs. Sometimes it may be useful to anticipate the...

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There are many price-based techniques for anticipating the end of a move. However, the simple passage of time can also help because bull markets don’t last forever. While old age doesn’t necessarily cause investors to sell, a reversal becomes more likely the longer a trend lasts. So, how long have prices been going up? There are various ways to measure that. Our...

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Moving averages are one of the most common indicators in the world of technical analysis. And they’re often the ingredients of more complex indicators like MACD. Today’s script shows how long prices have been moving in a given direction. Similar to our earlier Price Streak script, MA Streak counts the number of sessions that the average is rising or falling. It...